Forecasting predicts future values of a particular quantity based on previously observed values of that quantity. Accurate demand forecasting helps decision making across all business areas, allowing you to better anticipate demand and allocate resources more effectively.

Alan shows you how identify new, data driven, re-order points for your stock items that take into account historical usage, lead times and service levels. These new re-order points can help you to reduce the risk of stock-outs and ensure that you are not keeping excess inventory when it is unnecessary.

In this short video you will learn how to run a Time Series model within SPSS Statistics.
Marian will show you how to predict future values of a particular quantity through the use case of a business that needs to plan staffing levels for the weeks ahead based on historic activity.

Alan now looks more closely at the quality of information you hold on your inventory. What data is missing? Which transactions were anomalous? And which stock items exhibit the most variability and seasonality?

Presidion, formerly SPSS Ireland, is a leading Advanced Analytics Solutions and Services provider in the UK and Ireland. Servicing over 500 accounts and thousands of customers, our client base spans across public and commercial organisations and across all key industries.